Analysis: BTC demand indicator turns positive, signals renewed capital inflow

Crypto analyst IT Tech wrote in a CryptoQuant post that Bitcoin’s (BTC) 30-day apparent demand indicator has turned positive after several weeks in negative territory, reflecting renewed capital inflow into the market. The indicator—which measures net changes in Bitcoin supply dormant for over a year, adjusted for daily block rewards—rebounded sharply from a extreme low of –200,000 BTC, coinciding with BTC’s recent breakout above $87,000. This marks the first significant demand surge since February, driven by net inflows into spot BTC ETFs and accumulation by long-term holders. If demand continues to rise in the coming days, the ongoing bull run may gather further strength and propel BTC toward the $90,000 level. Historically, similar reversals have often preceded substantial price rallies or the establishment of durable support floors.